The long-rumored downsizing of Burbank-based Warner Bros. Records could be announced as early as today. Sources said executives at the Time Warner-owned music company are preparing to restructure its Warner Bros. and Reprise divisions--a move that is likely to result in the loss of about three dozen jobs. Warner Bros. and Reprise will remain free-standing labels, but a number of duties and operations will be consolidated, sources said. The changes at Warner Bros., which rebounded this week with three albums in the top 10 on Billboard magazine's national pop chart, follow more than a year of disappointing sales for the once-vibrant label.
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